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BULLISH above 4180, bearish below, skittish market


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#41 12SPX

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Posted 11 May 2021 - 09:55 AM

And out for 1 point profit.... made me to nervous think I'll have a coffee lol! 



#42 12SPX

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Posted 11 May 2021 - 09:57 AM

Finally did start to sell some puts though with the May 3900 puts which expire in 8 days for $15, my sold 4200,4250 and 4300 calls looking very nice now as premiums are just starting to break down a bit....



#43 12SPX

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Posted 11 May 2021 - 10:26 AM

Took profits on my sold May 4200 calls from $44.50 bought back for $16 for a profit of $28.50, still holding the 4250's and 4300's.



#44 12SPX

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Posted 11 May 2021 - 10:42 AM

Nice pop but I'm starting my short build at 4142, will add to it as we move up with wide margins I think! 



#45 dTraderB

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Posted 11 May 2021 - 10:50 AM

What a reversal!!
Could be my best NQ day this year, best trading day this year.
Another big swing up, and then down.

#46 redfoliage2

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Posted 11 May 2021 - 11:02 AM

Dip buyers swarmed in as SPX support 4130 holding firm ...............................


Edited by redfoliage2, 11 May 2021 - 11:04 AM.


#47 12SPX

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Posted 11 May 2021 - 11:15 AM

Ya I should have held out the long but that's ok.  I did buy back the 3900 puts for $6 profit already lol!  Hopefully a resell later lol!! 



#48 12SPX

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Posted 11 May 2021 - 11:39 AM

Profit stop just hit for 3 points profit.  Off to tennis will start a short build higher! 



#49 12SPX

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Posted 11 May 2021 - 11:52 AM

Hmmmmm maybe a buy will be in the cards later on.....



#50 dTraderB

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Posted 11 May 2021 - 11:55 AM

Ok, let us now swing up and then down

What a reversal!!
Could be my best NQ day this year, best trading day this year.
Another big swing up, and then down.